Operating income is calculated as net sales minus:
A) Utilities expense.
B) Salaries expense.
C) Cost of goods sold.
D) All of the other answers are subtracted from net sales to calculate operating income.
Answer: D
A) Utilities expense.
B) Salaries expense.
C) Cost of goods sold.
D) All of the other answers are subtracted from net sales to calculate operating income.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.